Traders of all stripes should be aware of the significant selloff in bonds, particularly on the long end. The ZNZ8 is on course to test two major levels just below: the CLVN at 118'030, and the Current MC Bottom since 1/29 near 118 the figure. Keep in mind the latter is _the low of this entire year_, set on 5/17. Given the speed and underlying strength of the move, it appears that this MC Bottom is more likely not to hold. This has implications for equities, real estate, the USD, other currencies, commodities and most assets across the board. The price of money just got more expensive.